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Right-of-way law seen boosting critical infrastructure projects

  MANILA, Philippines — The new right-of-way law that President Marcos signed recently is expected to accelerate the development of infrastructure projects nationwide. These include roads, bridges, energy and water systems and schools. Frederick Go, Special Assistant to the President for Investment and Economic Affairs, said the Accelerated and Reformed Right-of-Way Act will hasten the

2 mins read

Filecoin (FIL) Tests Critical Support at $2.52 as Bears Take Control

The post Filecoin (FIL) Tests Critical Support at $2.52 as Bears Take Control appeared on BitcoinEthereumNews.com.
Iris Coleman Sep 19, 2025 09:48 FIL price drops to $2.52 (-1.06%) after breaking key $2.62 support, with mixed technical signals creating uncertainty for traders eyeing next move. Quick Take • FIL currently trading at $2.52 (-1.06% in 24h) • Filecoin broke below critical $2.62 support level, signaling potential further downside • Recent bearish momentum overshadows earlier Q2 network growth reports What’s Driving Filecoin Price Today? Filecoin has been caught in a technical downturn following the September 15 breakdown below the crucial $2.62 support level. This FIL price decline of 5.37% to $2.42 marked a significant shift in market sentiment, with bears taking control after what appeared to be a promising start to the month. The current bearish momentum represents a reversal from the positive developments seen on September 8, when FIL price had rallied 2.36% to $2.43 following reports of 32% network utilization growth in Q2. Despite these fundamentally positive developments showcasing increased adoption of Filecoin’s decentralized storage network, technical factors have dominated recent price action. The breakdown below $2.62 has created a cascade effect, with traders now focusing on the next major Filecoin support levels at $2.22 and potentially $2.14 if selling pressure continues. FIL Technical Analysis: Mixed Signals Create Trading Uncertainty Filecoin technical analysis reveals a complex picture with conflicting indicators creating challenges for traders. The most significant development is FIL’s RSI reading of 53.68, which places Filecoin in neutral territory despite the recent price decline. This suggests the selling pressure may not be as extreme as the price action indicates. Filecoin’s MACD presents an interesting contradiction to the bearish price action. With a MACD value of 0.0393 and a positive histogram of 0.0151, the momentum indicator suggests underlying bullish momentum for Filecoin despite the recent breakdown. This divergence…